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☆ Self-proclaimed bitcoin inventor is not ‘Satoshi Nakamoto,’ UK judge rules
▼ + stars: | 2024-03-14 | by ( ) edition.cnn.com time to read: +2 min

London — An Australian computer scientist who claims he invented bitcoin is not “Satoshi Nakamoto,” the pseudonymous inventor of the cryptocurrency, a judge at London’s High Court ruled on Thursday. Craig Wright has long claimed to have been the author of a 2008 white paper, the foundational text of bitcoin, published under the pseudonym. The Crypto Open Patent Alliance (COPA) took Wright to court to stop him suing bitcoin developers, asking for a ruling that Wright was not Satoshi. Judge James Mellor said at the end of closing arguments on Thursday that the evidence Wright was not Satoshi was “overwhelming.”“Dr Wright is not the author of the Bitcoin white paper,” Mellor said. But he added: “Dr Wright’s conduct is also deadly serious.

Persons: London —, Satoshi Nakamoto, Craig Wright, Wright, Satoshi, James Mellor, ” “ Dr Wright, ” Mellor, “ Dr Wright, Jack, “, ”, Dr Wright, Jonathan Hough, ” Hough, Dr Wright’s, Wright’s, Mellor Organizations: London, London’s, Alliance, COPA, Twitter Locations: Australian, ”

☆ Jack Dorsey showed up to the Super Bowl rocking a 'Satoshi' t-shirt
▼ + stars: | 2024-02-12 | by ( Lina Batarags | ) www.businessinsider.com time to read: +3 min

Jack Dorsey was at the Super Bowl. He wore a t-shirt that says "Satoshi," emblazoned in the style of a Nirvana t-shirt. And we saw Jack Dorsey in a t-shirt that's making waves on X, formerly known as Twitter. That's because Dorsey can be seen sporting a black t-shirt that says "Satoshi" in yellow lettering. AdvertisementJUST IN: Jack Dorsey spotted wearing a Satoshi #Bitcoin shirt at the #SuperBowl 🏈 pic.twitter.com/oDUySC5p7X — Bitcoin Magazine (@BitcoinMagazine) February 12, 2024Two things to note here:Satoshi Nakamoto is said to be the inventor of bitcoin.

Persons: Jack Dorsey, Satoshi, —, It's, Tim Cook, Taylor Swift, Dorsey —, Beyonce, Jay, Dorsey, miley, ike Organizations: Super, Service, Twitter

Australian computer scientist Craig Wright entered the witness box at the High Court and testified he was the man behind “Satoshi Nakamoto,” the pseudonym that has masked the identity of the creator of bitcoin. The trial started on Monday and is expected to last a month, before a judge rules at a later date. The ruling will affect three pending lawsuits that Wright has filed based on his claim to having the intellectual property rights to bitcoin. Wright appears to have never done so, despite vowing to prove that he's the owner of the fortune. In the London trial, Hough repeatedly sparred with Wright over the authenticity of documents that he said support his claims.

Persons: Craig Wright, “ Satoshi Nakamoto, bitcoin, Wright, he’s, “, Satoshi, Jonathan Hough, ”, “ Wright, Tominaga Nakamoto, Satoshi David, J.P, Morgan, Anthony Grabiner, hadn't, Wright’s, ” Grabiner, David Kleiman, Hough Organizations: High, Alliance Locations: London, Australian, Florida

☆ The bitcoin white paper is 15 years old. Here's what it is and who people think its mysterious author could be.
▼ + stars: | 2023-11-01 | by ( Aruni Soni | ) www.businessinsider.com time to read: +5 min

The bitcoin white paper was published 15 years ago by Satoshi Nakamoto. The paper outlined the blockchain technology that would underpin a decentralized payment system. The paper has made its mark, but intriguingly, nobody today has figured out who Satoshi Nakamoto is. What's in the white paperWhile bitcoin was officially launched in January 2009, in the 2008 paper Satoshi Nakamoto laid out the fundamental framework of the blockchain-based payment system. It wasn't written in the white paper, but the system is designed so that there are only 21 million bitcoins that will ever exist.

Persons: Satoshi Nakamoto, —, Nakamoto, Mike Hearn, Gavin Andresen, Dorian Nakamoto, Craig Wright, Nick Szabo, bitcoin, Bitcoin Organizations: Service, Newsweek Locations: Australian

On the phone was 28-year-old Jimmy Zhong, a local party boy and Georgia alum who frequented Athens' drinking establishments. Robin Martinelli, Martinelli Investigations owner and private investigator. Martinelli said Zhong appeared resistant to her theories, especially when they began to focus on his circle of friends. Source: Zhong's social media profileHis parties were epic. Source: Zhong's social media profile

Persons: Jimmy Zhong, Zhong, Robin Martinelli, Martinelli, Montel Williams, " Martinelli, Jimmy, Zhong didn't, Louis Vuitton, Gucci, Jimmy Choo, didn't, he'd, Satoshi Nakamoto, Stefana, CNBC Masic, Zhong couldn't, Jody Thompson, Thompson, Trevor McAleenan, Shaun MaGruder, McAleenan, that's, MaGruder, I've, wasn't, Trevor, I'm, coders, Nathaniel Popper, Popper, Bitcoin, Nobody, bitcoin, Michael Bachner, John Garland, Bachner, Ross Ulbricht, Chad Organizations: University of Georgia, Clarke County Police Department, rowdies, Clarke County Police, CNBC, Department of Justice, Martinelli Investigations, Broad, College, Ritz Carlton, Waldorf, Georgia Bulldogs football, Rose, IRS, Silk, Clarke, Investigators, Misfits, . Locations: Athens, Georgia, bitcoin, It's, Loganville , Georgia, Zhong's, Gainesville , Georgia, Los Angeles, Beverly Hills, LA, Gainesville, Chad, Clarke County, Montgomery , Alabama, U.S

☆ Ethereum founder Vitalik Buterin travels the globe to keep crypto alive as the U.S. cracks down
▼ + stars: | 2023-09-22 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +17 min

Today, the biggest challenge for Buterin and the ethereum community is making sure that it provides actual value to people. Buterin was named the world's youngest crypto billionaire at age 27 as the crypto market swelled to its peak in 2021. And he isn't, according to his own estimation, the be-all and end-all authority on the ethereum network. About the ethereum network, he says, "On the other hand, you've got your laptop. In terms of what's next for ethereum — Buterin says a big priority is focusing on privacy and scalability through zero-knowledge rollups.

Persons: Vitalik Buterin, Buterin, coder, doesn't, Czech Republic Pavel Sinagl, that's, clasped, Buterin wasn't, cryptocurrencies, Sam Bankman, Luna, they're, Dmitry, Vitalik, Dmitry Buterin, ethereum blockchains, you've, Satoshi Nakamoto, ethereum, — Buterin Organizations: CNBC PRAGUE, CNBC, Canadian, U.S . Tornado, Buterin, U.S, Securities and Exchange Commission, SEC, CFTC, People's Bank of China, tinker, Ethereum, Ethereum Foundation Locations: Prague, Russia, Czech Republic, Ukraine, Netherlands, Paralelní Polis, Holešovice, China, U.S, Africa, Argentina, Buenos Aires, San Francisco, CBDCs, Moscow, ethereum, Denver, Paris

☆ Bitcoin bottomed last year and the crypto could hit $148,000 by 2025, research firm says
▼ + stars: | 2023-08-24 | by ( Phil Rosen | ) www.businessinsider.com time to read: +2 min

Bitcoin could soar to $148,000 by 2025 after the next halving cycle, Pantera Capital said. In a recent note, the research firm said the token could have already seen its bottom in 2022. "Bitcoin has historically bottomed 477 days prior to the halving, climbed leading into it, and then exploded to the upside afterwards," Pantera Capital wrote. Joe Kelly, the cofounder and CEO of financial services company Unchained, also sees steep upside for bitcoin after the halving process. He pointed out in a recent note that 12 months after the 2012, 2016, and 2020 halvings, bitcoin was up 8,069%, 284%, and 559%, respectively.

Persons: Bitcoin, bitcoin, Satoshi Nakamoto, Joe Kelly, Kelly Organizations: Pantera, Service Locations: Wall, Silicon

☆ Bitcoin is headed to $180,000 if regulators approve the first spot ETF in the US, Fundstrat's Tom Lee says
▼ + stars: | 2023-08-16 | by ( Phil Rosen | ) www.businessinsider.com time to read: +3 min

Fundstrat's Tom Lee said the approval of a new spot bitcoin ETF could send the token soaring in 2024. The strategist still sees upside even if a spot bitcoin ETF doesn't get approved by regulators. In an interview with CNBC Wednesday, the strategist broke down why a six-figure jump above the previous record high of $69,000 remains in the cards. "If the spot bitcoin gets approved, I think the demand will be greater than the daily supply for bitcoin," Lee said. The Jacobi Bitcoin ETF went live Tuesday in Europe under the ticker BCOIN, but regulators in the US have yet to approve applications for similar funds from asset managers including BlackRock and Fidelity.

Persons: Fundstrat's Tom Lee, Tom Lee, Lee, Satoshi Nakamoto, Crypto, there's Organizations: CNBC, doesn't, Service, CNBC Wednesday, BlackRock, Fidelity Locations: Wall, Silicon, Europe

BlackRock filed for a prospective spot bitcoin ETF on June 15, undeterred by the Securities and Exchange Commission's (SEC) past record of rejecting every such application. Bitcoin's market value has grown to comprise nearly half of the $1.1 trillion overall crypto market, its highest share in over two years, according to data tracker CoinMarketCap.com. Since the BlackRock filing, Invesco and WisdomTree have also reapplied for spot bitcoin ETFs after they had previous applications rejected by the regulator. Bryan Armour, director of passive strategies research for North America at Morningstar, said a spot bitcoin ETF could be a more cost-effective way for investors to trade. "It doesn't appear that most crypto ETF holders are institutional – assets are pretty spread out," he added.

Persons: Satoshi, Exchange Commission's, Satoshi Nakamoto's, Mikkel Morch, hasn't, Andrew Bond, Rick Meckler, Bryan Armour, I'd, David Wells, Medha Singh, Lisa Pauline Mattackal, Pravin Organizations: BlackRock, Securities, Exchange, SEC, Rosenblatt Securities, U.S, Cherry Lane Investments, Reuters Graphics Reuters, North America, Morningstar, MorningStar, TrackInsight, Morgan Asset Management, State, Enclave Markets, Pravin Char, Thomson, Reuters Locations: United States, U.S, New Vernon , New Jersey, J.P, BlackRock, Bengaluru

☆ He Went After Crypto Companies. Then Someone Came After Him.
▼ + stars: | 2023-06-18 | by ( John Carreyrou | ) www.nytimes.com time to read: +2 min

Joe Delich, a classmate who later worked with Mr. Roche at his law firm, remembers him constantly checking the price of Bitcoin on his laptop during classes. Mr. Roche cashed out before a big price drop, earning about $100,000 in profits. As a third-year student, Mr. Roche collaborated with a professor on a paper discussing Bitcoin’s virtues as the first currency free from government interference. By then, Mr. Roche was a first-year associate at Boies Schiller Flexner, where he was developing a reputation as the kid who understood crypto. But many people considered Dr. Wright a fraud, calling into question the notion that he had mined early blocks of Bitcoin, much less cheated someone out of them.

Persons: Joe Delich, Roche, ”, Boies Schiller, Ira Kleiman, Craig Wright, Satoshi Nakamoto, Kleiman, Wright, David, David Kleiman Organizations: Purdue University, Northwestern University’s Pritzker School of Law, Mr, Street Locations: Miami

☆ Can ChatGPT be a doctor?
▼ + stars: | 2023-04-10 | by ( Asia Martin | ) www.businessinsider.com time to read: +4 min

My colleague Emilia David will take over for the rest of this week until Diamond Naga returns from her much-needed vacation. Can ChatGPT be a doctor? One physician said the AI chatbot was "better than many doctors" he's observed when it came to clinical diagnosis. The doctor said the diagnosis didn't differ from what he would have determined. ChatGPT may have passed the exam, but it's still unable to take the Hippocratic oath, where doctors swear to abide by a set of professional ethical standards.

☆ The resilient job market is finally showing signs of cooling off
▼ + stars: | 2023-04-10 | by ( Phil Rosen | ) www.businessinsider.com time to read: +4 min

The job market is clearly starting to slow down. Mohamed El-Erian said March's jobs report was a win-win for both the stock market and the Fed. "We are making this transition where the stock market was obsessed with interest-rate risk to one that is concerned about credit risk." What's your take on the latest job data? In other news:Traders works on the trading floor at the New York Stock Exchange (NYSE) in New York City, U.S., March 5, 2020.

☆ Who is Satoshi Nakamoto? Crypto fans just celebrated the bitcoin inventor's birthday and his legend is as mysterious as ever.
▼ + stars: | 2023-04-07 | by ( Phil Rosen | ) www.businessinsider.com time to read: +5 min

Satoshi Nakamoto is said to be the inventor of bitcoin and wrote the token's original white paper in 2008. Nakamoto's paper, "Bitcoin: A Peer-to-Peer Electronic Cash System," was published in October 2008. In his white paper, Nakamoto cited the work of Stuart Haber, a computer scientist credited with helping invent blockchain technology. A Newsweek article in 2014 said that Dorian Prentice Satoshi Nakamoto, a Japanese American man living in California, was the elusive inventor of bitcoin. After the article published, Nakamoto's online account revived itself after a five-year hiatus, stating: "I am not Dorian Nakamoto."

☆ How Warren Buffett's Berkshire Hathaway can navigate the looming economic turmoil
▼ + stars: | 2023-04-07 | by ( Phil Rosen | ) www.businessinsider.com time to read: +3 min

First, let's check in with Warren Buffett. Warren Buffett REUTERS/Rick Wilking1. Few people would argue with you if you said Warren Buffett is the greatest investor of all time. Fewer still would challenge anyone who claimed Berkshire Hathaway was one of the most resilient companies of all time. Is there any other company or conglomerate better poised to navigate uncertainty than Berkshire Hathaway?

☆ Apple has hidden a bitcoin manifesto in every Mac since 2018, says a tech blogger who discovered it by accident
▼ + stars: | 2023-04-06 | by ( Phil Rosen | ) www.businessinsider.com time to read: +2 min

Technologist Andy Baio wrote in an April 5 blog post that he found a PDF of the original bitcoin white paper on his Macbook. He said Apple has seemingly hid the original crypto manifesto in "every copy of macOS since Mojave in 2018." Baio shared how any users could locate the manifesto on their own Apple computers. Baio couldn't figure out why, of all documents, the original bitcoin manifesto was chosen to be included in Apple's operating system. As for token itself, bitcoin is hovering around $27,925 on Thursday, and has rallied 68% so far in 2023.

[1/2] A representation of the virtual cryptocurrency Bitcoin is seen in this picture illustration taken October 19, 2021. Crypto payment specialists have also seen strong volumes. Nonetheless, proponents say bitcoin offers lower transaction costs and quicker speeds than traditional cash, especially for cross-border transfers. For others, though, growing interest in CBDCs is evidence that blockchain payments tech is here to stay. Traditional finance firms looking to embrace crypto payments have also shrugged off recent market volatility.

☆ Self-proclaimed bitcoin inventor's $2.5 bln lawsuit can go to trial - London court
▼ + stars: | 2023-02-03 | by ( Industry Insight | Upcoming Sec Climate Disclosure Rules Bring Urgency To Esg Data Strategy Planning | Zach Warren | ) www.reuters.com time to read: +2 min

LONDON, Feb 3 (Reuters) - Self-proclaimed bitcoin creator Craig Wright's lawsuit against bitcoin network developers to try to recover billions of dollars can continue to trial, a London court said on Friday. Wright’s Seychelles-based company Tulip Trading is taking legal action against the developers of three networks, arguing they are obliged to write software patches to help Tulip recover the bitcoin. Tulip’s case was thrown out last year, but the Court of Appeal ruled on Friday that developers arguably do owe duties to owners, which should be determined at a full trial. Judge Colin Birss said Tulip had a realistic argument that cryptocurrency is “entrusted” to network developers, who could therefore have a duty to, for example, “introduce code so that an owner’s bitcoin can be transferred to safety”. He added that the outcome of any trial will affect “all aspects of (decentralised finance), whether it involves value tokens or NFTs (non-fungible tokens) or the wider blockchain system”.

Nov 22 (Reuters) - As the crypto castle crumbles, some true believers say the answer is to double down on DEX. Decentralized exchanges, that is. "It is now clear that there can be risk associated with holding assets in a centralized entity," said Varun Kumar, CEO of decentralized crypto exchange Hashflow. "Data is showing that users are turning to decentralized trading solutions." Many market participants see both centralized and decentralized exchanges coexisting.

☆ Still not sure what crypto is? Join the club
▼ + stars: | 2022-11-15 | by ( Allison Morrow | ) edition.cnn.com time to read: +10 min

The original crypto, bitcoin, emerged in 2009, out of the ashes of the worst financial crisis in modern history. The term “crypto” harkens to the way the networks are secured, using cryptographic systems (think: really, really elaborate encryptions) that make the tokens virtually impossible to counterfeit. Once the transaction is verified by the network it is stored — forever — in an immutable “block.”Bottom line: Blockchain is the underlying technology of the crypto world. And like, sure, people are starting to adopt blockchain systems outside the world of crypto, and they do seem to hold promise. The bitcoin network went public in 2009, created by an anonymous developer (or group of developers) using the name Satoshi Nakamoto.

☆ Inside how Cash App is redefining company merch with an in-house fashion line that includes $300 ponchos and handmade crochet cardigans
▼ + stars: | 2022-09-21 | by ( Asia Martin | Carter Johnson | ) www.businessinsider.com time to read: +7 min

Cash App launched a new clothing brand, Cash by Cash App, during the pandemic. In a bid to stand out in a crowded payments market, Cash App launched a fashion brand, Cash by Cash App, in 2020.he line initially offered athleisure styling amid the pandemic. Then, last November, Cash App worked with rapper Megan Thee Stallion on an outside, limited-edition collection that Liang Shi, head of Cash by Cash App said sold out of the few hundred units created. Three women model Cash App robes and Fenty Beauty leisure wear at Afterpay, Cash App & Tidal's Front Row To NYFW Party on September 13, 2022, in New York City. Cash App's Ferdon said that Cash by Cash App "is pretty well integrated" into the company's broader payments "ecosystem."

☆ The 'merge' has arrived — Wednesday is your last chance to buy ether before historic makeover
▼ + stars: | 2022-09-14 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +7 min

While analysts say that anticipation around the merge has helped pump up the price, some experts see the real upside coming after the merge takes place. watch nowJuicing institutional interestWith the upgrade, ethereum won't become faster, cheaper or more scalable. Research firm Fundstrat wrote in a note that a successful merge would cement ethereum as the "premier blockchain network." The bitcoin network experiences a similar type of supply reduction roughly every four years. WATCH: Bitcoin falls below $19,000 as Ethereum upgrade kicks into full gear

Moldova.org vă explică ce sunt monedele virtuale și dacă este posibil ca acestea să înlocuiască banii fizici în viitor. Bitcoin-ul a apărut în 2009 cu scopul de a asigura protecția investițiilor și finanțarea liberă a afacerilor fără a face apel la instituții financiare și de a proteja de inflația provocată de devalorizarea banilor tradiționali. Spre exemplu, din Moldova, cel mai simplu poți cumpăra de pe Localbitcoin.com, cu ruble rusești. Poți cumpăra criptovalută în valoare de 10, 50, 100 de euro, etc., adică o să cumperi 0,00003 de Bitcoini. Dar, vrem nu vrem, spre asta mergem, când banii o să fie doar niște cifre digitale.”1

Persons: Minerii, Anatoli Gogu, Tesla, Anatoli, Poți, Satoshi Nakamoto, lea Locations: Republica Moldova, SUA, Moldova, Bittrex, Binance

Moldova.org vă explică ce sunt monedele virtuale și dacă este posibil ca acestea să înlocuiască banii fizici în viitor. Cum e posibil de investit? Spre exemplu, din Moldova, cel mai simplu poți cumpăra de pe Localbitcoin.com, cu ruble rusești. Poți cumpăra criptovalută în valoare de 10, 50, 100 de euro, etc., adică o să cumperi 0,00003 de Bitcoini. Dar, vrem nu vrem, spre asta mergem, când banii o să fie doar niște cifre digitale.”1

Persons: Minerii, Anatoli Gogu, Tesla, Anatoli, Poți, Satoshi Nakamoto, lea Locations: Republica Moldova, SUA, Moldova, Bittrex, Binance

☆ Bitcoin is about to change the definition of card rewards, and it's good news if you're 'crypto-curious' but afraid of risking your own money
▼ + stars: | 2020-12-29 | by ( David Mcmillin | Read More | Read Less | ) www.businessinsider.com time to read: +13 min

The two early entrants are a credit card from BlockFi and a prepaid card from Fold with different structures for earning. Prince is now focused on changing rewards with the company's new Bitcoin Rewards Credit Card. "Credit card rewards points are meant to be spent, ideally as quickly as possible," Prince says. That's a big shift, but Prince thinks it's only the beginning for transforming credit card rewards. Note that credit card lenders may use many different variations of credit score models when considering your application.

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